Electronic Arts Inc. (NASDAQ:EA) Stake Trimmed by Logan Capital Management Inc.

Logan Capital Management Inc. lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,873 shares of the game software company's stock after selling 3,034 shares during the quarter. Logan Capital Management Inc.'s holdings in Electronic Arts were worth $9,783,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Pinnacle Bancorp Inc. lifted its position in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Electronic Arts during the fourth quarter worth approximately $32,000. LGT Financial Advisors LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at $33,000. Millstone Evans Group LLC acquired a new stake in Electronic Arts during the 4th quarter worth $37,000. Finally, SBI Securities Co. Ltd. acquired a new position in Electronic Arts in the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Up 1.6%

NASDAQ EA traded up $2.34 during mid-day trading on Thursday, reaching $149.57. 3,711,006 shares of the company's stock traded hands, compared to its average volume of 2,721,018. The company has a fifty day simple moving average of $144.05 and a 200-day simple moving average of $144.97. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a market cap of $38.98 billion, a price-to-earnings ratio of 38.06, a P/E/G ratio of 3.58 and a beta of 0.74. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, May 28th. Electronic Arts's dividend payout ratio is presently 17.92%.

Analyst Upgrades and Downgrades

EA has been the subject of a number of recent analyst reports. DA Davidson assumed coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price objective for the company. Ascendiant Capital Markets upped their price target on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Bank of America increased their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. BNP Paribas cut Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price objective for the company. in a report on Monday, January 27th. Finally, UBS Group boosted their price objective on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $161.83.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the completion of the transaction, the chief executive officer now owns 32,615 shares of the company's stock, valued at approximately $4,647,637.50. This represents a 13.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares of the company's stock, valued at $3,801,320. This represents a 3.67% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,000 shares of company stock valued at $3,118,120. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.